Verizon’s Tech Tablet Leads to InformationWeek 500 Spot and 2 Other Dow Movers to Watch
Verizon Communications Inc. (NYSE:VZ): Current price $46.65
For the 17th time, Verizon has been named to the InformationWeek 500, a list that honors the top tech innovators in the United States. Verizon earned its spot for its Tech Tablet project, which uses mobile tools to improve the ability of Verizon field technicians to supply services for its residential and business customers. The Tech Tablet consists of a 10-inch, rugged tablet that equips Verizon field technicians with technology to provide customers with answers.
Pfizer Inc. (NYSE:PFE): Current price $28.76
Pfizer has named Adobe Systems Inc. President and CEO Shantanu Narayen as one of its board members. The drug maker said Monday that Narayen’s selection would be effective on Friday. Narayen was also was named to Pfizer’s corporate governance and science and technology committees.
Wal-Mart Stores Inc. (NYSE:WMT): Current price $74.16
Wal-Mart’s India division has asked for an extension of its equity conversion date in Cedar Support Services, the parent firm of Bharti Retail, Wal-Mart’s joint venture partner in that country. The colossal retailer invested $100 million in Cedar in 2010 in return for “compulsorily convertible debentures” that can be exchanged for 49 percent in Cedar. The conversion deadline has been extended twice before, most recently to Monday. A Wal-Mart India spokeswoman told Reuters that the company had filed to extend the conversion date once again.
Investing Insights: Can Intel Stock See Rising Prices?